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Shady Merv

11,557 Posts.

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23/03/18

09:31

Post #: 31970386
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Originally posted by Shady Merv ↑

@cantona

This is part of your post on a new thread. I'd prefer to respond here on an established thread.

I guess one party needs an extra 25 to 30 Million shares from here to have definite control of Auris

this is going to be very interesting leading up to the voting.

As can be seen from last might's notice, also my above post, Michael Fotios had reached 14.15%. Did he buy more today? Let's wait and see!

57,727,062 shares = 14.15%

81,594,020 shares = 20%

The difference is 23,865,958 shares.

W

hy 20%? That's the threshold for the takeover law coming into play. In order to avoid having to make a takeover offer, he has to stay at 20% or below.

This is from this website https://www.allens.com.au/pubs/pdf/ma/takeovers-handbook.pdf

2.1 The 20% rule
The basic takeover rule is that a person cannot acquire a ‘relevant interest’ in issued voting shares of an Australian incorporated company listed on the ASX (or issued voting shares of an unlisted Australian-incorporated company with more than 50 shareholders, or issued voting interests in an Australian-registered managed investment scheme listed on the ASX) through a transaction in relation to securities entered into by or on behalf of the person if, because of that acquisition, that person’s or someone else’s ‘voting power’ in the relevant entity:
• increases from 20% or below to more than 20%; or
• increases from a starting point that is above 20% and below 90%, unless the acquisition occurs via a specified exception (such as a takeover bid, scheme of arrangement or with target shareholder approval).
This is commonly known as the ‘20% rule’ or ‘20% takeovers threshold’. At a basic level, the 20% rule means that a person is limited to holding a 20% shareholding interest in an ASX-listed company and cannot move beyond that except via a specified exception.

Watch this space! Are the protagonists playing this card?

Expand

Not surprisingly, it was MF who bought earlier in the week; up to 15.84% now.

Has he stopped? Got enough? - or so he thinks!

Or having a breather until he finds another cunning kick to raid?

What are the protagonists doing? They are not buying it seems. What's their game!!

AUR Price at posting: 6.5¢ Sentiment: None Disclosure: Held
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Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $2.383M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
4	1316025	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	393286	2

View Market Depth

No.	Vol.	Price($)
2	103729	0.030
1	218636	0.028
1	300000	0.024
2	200000	0.022
1	100000	0.020

Price($)	Vol.	No.
0.031	20000	1
0.034	194955	1
0.035	665000	1
0.036	58747	1
0.039	82835	1

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Wow another article in West, page-24

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